Instagram co-founders resign following tensions with Mark Zuckerberg

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Instagram's founders Mike Krieger and Kevin Systrom have resigned, leaving the company they created in the hands of Facebook's executives.

People familiar with the situation told Bloomberg and TechCrunch that Kevin Systrom and Mike Krieger handed in their resignations after growing exhausted with Facebook CEO Mark Zuckerberg's increased involvement in the photo-sharing app's day-to-day operations. Lately, they were frustrated with an unusual rise in day-to-day involvement by Mr Zuckerberg, who is now more reliant on Instagram for Facebook's future growth.

The co-founders of the Instagram have announced their resignation from the company, amid reports that their departure might be due to an increase in meddling by Mark Zuckerberg, CEO of the site's parent company, Facebook.

It became the fourth Facebook platform to eclipse the billion-user mark, including the namesake social network with more than two billion users, and the messaging applications WhatsApp and Messenger. Systrom and Krieger popularized photo filters and camera lenses, spurring a wave of copycat apps for the iPhone and Android-based smartphones. Since then, the service has grown to more than 1 billion users and has of course added plenty of advertisements.

Silhouettes of mobile users are seen next to a screen projection of Instagram logo in this picture illustration taken March 28, 2018.

Adam Mosseri, who had been in charge of your favorite feature of Facebook (News Feed!), recently became Instagram's head of product.

Facebook has yet to comment on the Instagram departures, but they follow a year of controversy and scandal for the world's biggest social network, which has been widely criticised for its cavalier use of personal information.

Systrom's fortune is valued at $1.4 billion by Forbes.

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Instagram and Facebook have operated independently and the two services barely mention each other.

Instagram was bought by Facebook in 2012 for $715 million.

"We're planning on taking some time off to explore our curiosity and creativity again", Systrom said in a statement on the company's website.

"I'm looking forward to seeing what they build next", he said in a statement.

Facebook stock was nearly 2% lower in pre-market trading.

Kevin Systrom, CEO and co-founder of Instagram, speaks at an event in San Francisco on Tuesday, June 19.

No explanation was given for their sudden departure from the photo-sharing network they founded in 2010. Offered through Instagram and as a standalone app, IGTV serves up longer-length video content, mostly from popular Instagram users.

All of this proves that Instagram is hugely important to Facebook's future growth, not least because the brand is still comparatively untainted.

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